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ARTICLE · 07 MAY 2024

DOL Issues Final Rule Increasing Salary Threshold For FLSA Exemptions

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On April 26, 2024, the Department of Labor ("DOL") published the Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees Rule...

United StatesEmployment and HR
Christopher J. Banks
Christopher J. Banks
Thomas P. Gies
Thomas P. Gies
Sadina Montani
Sadina Montani
Eric Su
Eric Su
Andrew W. Bagley
Andrew W. Bagley
Rachel Lesser
Rachel Lesser

On April 26, 2024, the Department of Labor ("DOL") published the Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees Rule ("Final Rule"), which will increase the minimum salary thresholds for bona fide executive, administrative, and professional exemptions under the FLSA. Effective July 1, 2024, the annual salary thresholds for these "white collar" exemptions will increase to $43,888 (from $35,568) and increase again on January 1, 2025 to $58,656 and the threshold for highly-compensated employees will also increase from $107,432 to $132,964. Effective July 1, 2025, the methodology will change and these thresholds will increase again (to $58,656 and $151,164, respectively).

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